The Urethane Blog

Sherwin Williams to Buy Valspar

 

Sherwin-Williams to acquire Valspar in deal valued at $11.3 billion

Published: Mar 20, 2016 1:20 p.m. ET

 

By
Tim
Rostan
Managing editor

CHICAGO (MarketWatch) — Sherwin-Williams said Sunday that it has reached a deal to acquire paint-industry rival Valspar in a deal it valued at $11.3 billion. Sherwin-Williams SHW, -0.76% , based in Cleveland, said it would pay $113 in cash for each share of Valspar, whose headquarters are in Minneapolis. Valspar's stock VAL, +25.49% closed Friday at $83.83 and notched a 52-week high of $88.17 in November. The companies said they will host a conference call Monday at 8 a.m. Eastern time to further detail the transaction.

 

http://www.marketwatch.com/story/sherwin-williams-to-acquire-valspar-in-deal-valued-at-113-billion-2016-03-20-13912050